3.20 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:
The bulls have once again strongly rebounded. Lihui mentioned in yesterday's article that if the daily line stabilizes at the middle track, it will once again challenge the 85000 mark. It was also mentioned that the downward space would not be too large, and I hope everyone did not mindlessly chase shorts. The intraday market did not show strong momentum after breaking through the 4-hour middle track, so I urgently updated in the py circle to be cautious about shorting and adjusted the response strategy in time!
Looking at the current 4-hour K-line, it has pierced through the EMA80 and MA120 resistance that has been defended for many days, which means that the first pressure at the top has been broken. The next pressure is EMA120. However, in Lihui's view, there is not much problem here, as the upper Bollinger Band has already turned up and crossed MA120, approaching EMA120. After breaking through EMA120, we may need to look at EMA180, which is above the 87000 position. Therefore, the idea of a pullback becomes very clear; we can consider the EMA30 and the middle track with the MA60 range below. The MACD shows an increase in volume above the 0 axis, and the golden cross continues to open, indicating that the bulls will further extend. It just depends on whether there will be a short-term pullback opportunity to enter the market.
Yesterday, it was mentioned that the daily middle track continues to move down and becomes support, which is good! Fans can see that after the K-line opened in the morning on the daily chart, it stabilized at the middle track and MA220, successfully breaking through the EMA15 that has been defended for many days, and is now approaching the upper track. The Bollinger Band channel is opening upwards, and the upper track has ended the continuous downward closing pattern for many days. Lihui also mentioned in yesterday's article that the opening of the Bollinger Band will break through the top of the box, and the volume above the 0 axis has failed to close, with the fast and slow lines continuing to open upwards, so the bulls are very clear for the day. The current upper track is approaching the EMA180 position, which can be used as the first target position. The defensive position below that needs to be focused on is the middle track position.
Today's trading suggestions from Lihui:
As of March 20, 2:54 AM Beijing time: It is recommended to continue going long in the 83500-83000 range on pullbacks, with a stop loss at 82500; targets are set at 85500-86600-87300.
For high shorts, pay attention to the dual pressure of the 4-hour EMA180 and MA180, which is in the 87350-87800 range. The target can be to take 2000-3000 points freely. Specific entry opportunities need to be based on Lihui's real-time notifications!
There may be delays in article review and push notifications; the market changes rapidly, and specific entry opportunities must be combined with real-time operations, with real-time notifications as the standard. The suggested points in the article are for reference only; please do not operate with heavy positions. When entering the market, please set take profit and stop loss, and take profits when favorable.
I, Lihui, interpret world economic news and analyze the major trends in the global cryptocurrency market. During my studies in the U.S., I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. For those who are not familiar with trading, feel free to leave comments!
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This article is exclusively published by (WeChat public account: Zhang Lihui) and is for reference only; risks are borne by the reader. May we remain humble and brave in the complex cryptocurrency market, unafraid of challenges, and willing to explore. Just as "the road is long and has no ending, yet I will search high and low," I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.
May you, under Lihui's guidance, leverage strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intention. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and jointly compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey full of challenges and opportunities!
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